BTT/USDT Bear Flag (Fake Break Out)

BINANCE:BTTUSDT   BitTorrent / TetherUS
Hello Friends,

I don't know why a top author is saying "BTT is going to moon", "BTT 200% increase" Really? BTT is going up, that is certain but not until we see a change in volume . Here on this chart we can see next to no volume compared to it's early bullrun. If we see a 200% increase, well then it will happen only if we see a huge interest showing in volume . Volume increase will not happen in a flash but gradually and then the stage is set for an explosion. As far as mooning is concerned we have to break previous resistances of .00083, 00087, 00106, 00116 and 000129, then if that happens you can say it's going to moon. So far as I can tell, there is no interest as of yet but the recent fake pump.

Back to reality
Looking at the 4hr chart we can see a definite "Bear Flag" and we can see no volume of import. All signals tell me that it is not the time to buy according to EMA , TDS ,Volume, RSI and the pattern.

The only positive signals I see are a Bullish MACD Divergence and a Fractal which was nearly 2 days ago (too late to buy).

I will keep watching this closely though, because if it does moon, I will want to go for the ride.

Details on this chart.

This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.

Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.

If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!

CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.

+2 Reply
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